Brown Lisle Cummings Inc. Raises Holdings in Procter & Gamble Company (The) (NYSE:PG)

Brown Lisle Cummings Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 18.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,986 shares of the company's stock after buying an additional 1,713 shares during the quarter. Brown Lisle Cummings Inc.'s holdings in Procter & Gamble were worth $1,872,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC raised its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC acquired a new position in Procter & Gamble in the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth about $31,000. Hoey Investments Inc. raised its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PG has been the subject of a number of analyst reports. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Bank of America reduced their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Evercore ISI reissued an "outperform" rating and set a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble Price Performance

NYSE:PG opened at $158.93 on Monday. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock has a market cap of $372.62 billion, a PE ratio of 25.23, a P/E/G ratio of 4.69 and a beta of 0.43. The stock has a 50 day moving average price of $163.35 and a 200 day moving average price of $166.00.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.66%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is presently 67.14%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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